Get Paid While You Wait: 3 Top Dividend Stocks in the Financial Sector
The financial sector is hoping it's made it through the worst of the COVID-19 pandemic, and most companies have managed to keep their dividends intact. In the early days of the pandemic, many believed that banks and other financial institutions would -- and should -- suspend their dividends to help their liquidity. In Europe, many banks did, in fact, suspend or reduce their dividends, by request of the European Central Bank.
It is good news that banks did not suspend their dividends, because it shows their ability to withstand a major real-life stress test. And, of course, it is good news for investors because they got paid. That is the beauty of a dividend -- you get paid while you wait, even when the stock price is down. In this type of market environment for financial stocks, a good dividend may be even more important, as most stocks are in negative territory on the year. Here are three stocks in the financial sector that are paying great dividends.
Image source: Getty Images.
Source Fool.com
